BP p.l.c. Sponsored ADR (BP)
BP's emissions rose in 2024, annual report says
BP's emissions under its operational control and the use of its products rose to 33.6 million metric tons and 322 million metric tons of carbon dioxide equivalent respectively in 2024, it said in its annual report on Thursday.
Saudi Aramco exploring initial bid for BP's Castrol unit, source says
Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter.
BP says gas bubbles discovered at Senegal-Mauritania GTA project
BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, situated offshore between Mauritania and Senegal.
BP Revises Strategy, Prioritizes Profits Over Green Transition
BP states that annual spending on oil and gas will rise by almost 20%, while the same on renewable energy businesses will be cut by more than $5 billion.
3 Stocks With Unusual Call Option Volume – What It Signals
When investors try to gauge the market's sentiment for a group of stocks, they typically look at who has been buying into them lately with the hopes of understanding the reasoning behind these decisions. However, buying stock is not the only way large traders and market participants express their bullish views on a company's future.
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
BP's strategy overhaul: investment bank analysts see progress, but execution risks loom
BP PLC's (LSE:BP.) strategy update to investment more in oil & gas and less in renewables was largely in line with expectations for investment banking analysts, but they warned the company faces "execution risks" as it needs to hit the top end of targets to really impress markets.
BP: Righting The Ship
BP's strategy reset focuses on increasing oil and gas production, reducing low-return green investments, and improving cost efficiency to enhance shareholder returns and reduce debt. The company plans to cut capital expenditures, target mid-teen ROI projects, and divest non-core assets like Castrol to strengthen its balance sheet. BP aims for 20% annual free cash flow growth through 2027, driven by new upstream projects and cost reductions.
BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields
BP mentions that the project involves a drilling schedule and the construction of new facilities, including gas expansion projects.
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
Five years on from BP's ambitious pledge, the climate has changed in every sense
Five years ago, BP's chief executive did something very unusual for the boss of an oil and gas company; he pledged to produce less oil and gas.
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
BP (BP) said it would invest more in oil and gas as it pivots away from its low-carbon strategy.
